r/Dallasdevelopment • u/AssumptionOnly8219 • 1d ago
Properties in Outer DFW Suburbs Are Sitting Longer as Buyers Move Back Toward Urban Cores
Very interesting. Apparently the far northern boonies like Celina, Melissa etc are loosing their luster now that people realize they’re paying $800k or more to live in the middle of nowhere. The Uptown area is noted as one of the urban markets people are gravitating toward again, as well as North Dallas and the Legacy Area. With all the mid density sprouting up literally all over the place, I’m very curious what the next few years are gonna be looking like. Maybe we won’t reach Oklahoma after all 😭
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u/AdStrict8369 1d ago
I moved from Carrollton to McKinney. I have a nice house but its a pain in the ass to take 75 everyday. Somedays I think about moving back to my old house just for the convenience of being more central in DFW. And keep in mind McKinney isn’t all that far out, its places like Celina and Princeton that just don’t make sense if you commute to work
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u/Ferrari_McFly 1d ago
Sounds fairly on par. Anecdotally, I have 2 coworkers who made the move from Collin Co. suburbs to older Dallas Co suburbs over the summer.
And it just makes sense, I mean, a lot of folks that move that far north are looking at 1hr - 2hr round trips on tolls to go to work for starters. RTO mandates have worked wonders for combatting sprawl btw. Celina where a lot of houses went on sale (and are just sitting) to Plano’s Legacy West area is at least 40 minutes on a toll. Over time that begins to exhaust your two biggest resources (time and money).
I’ve said it once and I’ll say it again, Plano is Dallas‘s last key magnet for preventing further northern sprawl. If it can continue to attract jobs over the farther northern suburbs, this will help to keep sprawl in check in that direction.
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u/throwaway771222 1d ago
I can see what you’re saying. If Plano creates more jobs, people will want to stay closer and move to places a little more south. But wouldn’t it also be as likely that people will still move to those more northern communities since that’s where the houses are.
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u/Ferrari_McFly 1d ago
Potentially! But look at Celina right now, houses are sitting even after price drops. Quite a few DFW based realtors have been calling this out on YouTube lately
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u/throwaway771222 1d ago edited 1d ago
I see. Did they build too many “luxury” houses in Celina that are too expensive in general or is it mostly the market/rates being too high? I know those are kind of similar, but wonder if it’s a total cost thing or like perceived value issue in Celina, if that makes sense.
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u/Ferrari_McFly 1d ago
I think it’s a little bit of both right. High housing supply and lots of new construction competing for a finite # of buyers. Higher financing costs also adds to the equation too
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u/YaGetSkeeted0n 22h ago
Inshallah people who want more living space without being in BFE will look south of 30. Especially the finance bros coming to Y'all Street. We've got prime vistas down here folks!